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Matodzi - Further Cautionary Announcement 
Release Date: 08/05/2003 17:44:09      Code(s): MTZ 
Matodzi - Further Cautionary Announcement                                       
MATODZI RESOURCES LIMITED                                                       
   (Formerly New Mining Corporation Limited)                                    
Incorporated in the Republic of South Africa                                 
   (Registration number 1933/004523/06)                                         
   Share code: MTZ ISIN: ZAE000042412                                           
   ("Matodzi")                                                                  
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
   Further to the cautionary announcement dated 26 March 2003, shareholders are 
advised that Matodzi is still involved in negotiations which, if successfully   
concluded, may have an effect on the price at which Matodzi securities trade on 
the JSE Securities Exchange South Africa. Shareholders are advised to continue  
exercising caution when dealing in Matodzi securities until a full announcement 
is made.                                                                        
   8 May 2003                                                                   
Sponsor                                                                         
   RIVER GROUP                                                                  
Corporate adviser                                                               
   PSG CAPITAL                                                                  
Corporate law advisers and consultants                                          
   EDWARD NATHAN & FRIEDLAND                                                    
   CORPORATE LAW ADVISERS & CONSULTANTS                                         
   EDWARD NATHAN & FRIEDLAND (PTY) LTD                                          
(Registration number 1999/026464/07)                                          

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